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North America Real-Time Location Systems Market Forecast to 2030 -Regional Analysis - by Offering (Hardware, Software, and Services); Technology [Radio Frequency Identification (RFID), Ultra-wideband (UWB), Bluetooth Low Energy (BLE), Ultrasound, Infrared (IR), GPS, Wi-Fi, ZigBee]; Industry Vertical (Heavy Industries, Manufacturing, Retail, Oil & Gas, Automotive, Construction, Government and Defense, Logistics, Others); and Application (Personnel/Staff Locating and Monitoring, Access Control and Security, Environmental Monitoring, Warehouse Management and Monitoring, Supply Chain Management and Operational Automation/Visibility, Others)
Market Report I 2023-08-18 I 179 Pages I The Insight Partners
The North America Real-time location systems market is expected to grow from US$ 2,019.35 million in 2023 to US$ 8,368.78 million by 2030. It is estimated to grow at a CAGR of 22.5% from 2023 to 2030.
Rising Demand for Connected Devices Drive North America Real-Time Location Systems Market.
The demand for connected devices, including smartphones; tablets; and different wearable devices such as smartwatches, fitness trackers, VR headsets, web-enabled glasses, smart jewelry, and Bluetooth headsets, is increasing across the world. Smartphones and tablets help the user accurately track location information in real time. The devices help the user to know the real-time traffic scenario and find the fastest route to the destination. It also assists parents to monitor the movement of their children through different location-tracking apps. Therefore, the adoption of smartphones and tablets is increasing tremendously. According to the same report, smartphone adoption in North America was 84% in 2022 and is expected to climb to 90% by 2030. In many industries, wearables are used to track and manage personnel. For instance, miners can be tracked under deep tunnels and alerted if signs of distress occur. Similarly, wearables are used for dementia patients to track their location if they go missing or get themselves in danger and need emergency help. The demand for connected devices is increasing owing all the above benefits, which is fueling the growth of the North America real-time location systems market.
North America Real-Time Location Systems Market Overview
The North America real-time location systems market in North America is segmented into the US, Canada, and Mexico. North America is a technologically advanced region owing to factors such as a positive outlook for advanced hardware adoption, a high inclination toward technological innovation, high GDP, developed infrastructure, and favorable economic policies. The region has a highly developed manufacturing sector. The sector integrates real-time location systems to maintain a robust supply chain across verticals. For instance, in 2020, ILR Industries, a manufacturer of plastic products, deployed a real-time location system at its manufacturing facility in Hamilton, Ontario, Canada for monitoring and adhering to COVID-19 precautionary practices. The retail sector in North America is a major adopter of tracking Hardware, which facilitates data transfer and details from tags attached to objects using scanning systems, thereby enabling automatic identification and tracking. According to the International Trade Administration (ITA), in 2022, there were ~27 million e-commerce users in Canada, accounting for 75% of the Canadian population, and the number is expected to reach 77.6% by 2025. In March 2022, e-commerce sales were ~US$ 2.34 billion and are estimated to reach US$ 40.3 billion by 2025. North America has a well-established healthcare industry. Inventory management operations are efficiently performed using advanced technologies, which act as a prerequisite for several decision-making processes. Hospitals in the region are highly inclined toward implementing the best practices in the hospital supply management system to allow efficient inventory management. They are deploying a real-time location system, which can help healthcare professionals in the institution search for equipment in less time. In addition, the RTLS solution can also help track and monitor critical patients in ICU or patients with dementia and mental distress. The rising use of real-time location systems in healthcare infrastructure is supporting the growth of the real-time location system market. Moreover, North America has a highly matured construction industry. As the region is known for its high emphasis on labor safety, the demand for real-time location tracking is high, which may further contribute to the adoption of real-time location systems. All these factors are propelling the growth of the real-time location system market in North America.
North America Real-Time Location Systems Market Revenue and Forecast to 2030 (US$ Million)
North America Real-time location systems market Segmentation
The North America Real-time location systems market is segmented into offering, technology, industry vertical, application, and country.
Based on offering, the North America Real-time location systems market is segmented into hardware, software, and services. In 2023, the hardware segment registered a largest share in the North America real-time location systems market.
Based on technology, the North America Real-time location systems market is segmented into radio frequency identification (RFID), ultra-wideband (UWB),Bluetooth low energy (BLE), ultrasound, infrared (IR), gps, wi-fi, ZigBee. In 2023, the Bluetooth low energy (BLE) segment registered a largest share in the North America real-time location systems market.
Based on industry vertical, the North America Real-time location systems market is segmented into heavy industries, manufacturing, retail, oil & gas, automotive, construction, government and defense, logistics, and others. In 2023, the retail segment registered a largest share in the North America real-time location systems market.
Based on application, the North America Real-time location systems market is segmented into personnel/staff locating and monitoring, access control and security, environmental monitoring, warehouse management and monitoring, supply chain management and operational automation/visibility, others. In 2023, the supply chain management and operational automation/visibility segment registered a largest share in the North America real-time location systems market.
Based on country, the North America Real-time location systems market is segmented into the US, Canada, Mexico. In 2023, the US segment registered a largest share in the North America real-time location systems market.
AiRISTA Flow Inc, Aruba Networks, Impinj Inc, Qorvo Inc, Siemens AG, Sonitor Technologies AS, Stanley Black & Decker Inc, TeleTracking Technologies Inc, Ubisense Ltd, and Zebra Technologies Corp are the leading companies operating in the North America real-time location systems market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Real-Time Location Systems Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. North America Real-Time Location Systems Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Connected Devices
5.1.2 Growing E-Commerce Sector
5.2 Key Market Restraints
5.2.1 Rising Concerns Regarding Data Privacy and Security
5.3 Key Market Opportunities
5.3.1 Emergence of 5G
5.4 Future Trends
5.4.1 Growing Use of RTLS in Healthcare Sector
5.5 Impact Analysis of Drivers and Restraints
6. Real-Time Location Systems Market - North America Analysis
6.1 North America Real-Time Location Systems Market Overview
6.2 North America Real-Time Location Systems Market -Revenue and Forecast to 2030 (US$ Million)
7. North America Real-Time Location Systems Market Analysis - By Offering
7.1 Overview
7.2 North America Real-Time Location Systems Market, By Offering (2022 and 2030)
7.3 Hardware
7.3.1 Overview
7.3.2 Hardware: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
7.4 Software
7.4.1 Overview
7.4.2 Software: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
7.5 Services
7.5.1 Overview
7.5.2 Services: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
8. North America Real-Time Location Systems Market - By Technology
8.1 Overview
8.2 North America Real-Time Location Systems Market, by Technology (2022 and 2030)
8.3 Radio Frequency Identification (RFID)
8.3.1 Overview
8.3.2 Radio Frequency Identification (RFID): North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
8.4 Ultra-Wideband (UWB)
8.4.1 Overview
8.4.2 Ultra-Wideband (UWB): North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
8.5 Bluetooth Low Energy (BLE)
8.5.1 Overview
8.5.2 Bluetooth Low Energy (BLE): North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
8.6 Ultrasound
8.6.1 Overview
8.6.2 Ultrasound: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
8.7 Infrared (IR)
8.7.1 Overview
8.7.2 Infrared (IR): North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
8.8 GPS
8.8.1 Overview
8.8.2 GPS: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
8.9 Wi-Fi
8.9.1 Overview
8.9.2 Wi-Fi: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
8.10 ZIGBEE
8.10.1 Overview
8.10.2 ZIGBEE: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
9. North America Real-Time Location Systems Market - By Industry Vertical
9.1 Overview
9.2 North America Real-Time Location Systems Market, by Industry Vertical (2022 and 2030)
9.3 Heavy Industries
9.3.1 Overview
9.3.2 Heavy Industries: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
9.4 Manufacturing
9.4.1 Overview
9.4.2 Manufacturing: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
9.5 Retail
9.5.1 Overview
9.5.2 Retail: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
9.6 Oil & Gas
9.6.1 Overview
9.6.2 Oil & Gas: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
9.7 Automotive
9.7.1 Overview
9.7.2 Automotive: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
9.8 Construction
9.8.1 Overview
9.8.2 Construction: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
9.9 Government and Defense
9.9.1 Overview
9.9.2 Government and Defense: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
9.10 Logistics
9.10.1 Overview
9.10.2 Logistics: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
9.11 Others
9.11.1 Overview
9.11.2 Others: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
10. North America Real-Time Location Systems Market - By Application
10.1 Overview
10.2 North America Real-Time Location Systems Market, by Application (2022 and 2030)
10.4 Personnel/Staff Locating and Monitoring
10.4.1 Overview
10.4.2 Personnel/Staff Locating and Monitoring: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
10.5 Environmental Monitoring
10.5.1 Overview
10.5.2 Environmental Monitoring: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
10.6 Access Control and Security
10.6.1 Overview
10.6.2 Access Control and Security: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
10.7 Warehouse Management and Monitoring
10.7.1 Overview
10.7.2 Warehouse Management and Monitoring: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
10.8 Supply Chain Management and Operational Automation/Visibility
10.8.1 Overview
10.8.2 Supply Chain Management and Operational Automation/Visibility: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
10.9 Others
10.9.1 Overview
10.9.2 Others: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
11. North America Real-Time Location Systems Market - Country Analysis
11.1 Overview
11.1.1 North America: Real-Time Location Systems Market- by Key Country
11.1.2 North America: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
11.1.2.1 US: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
11.1.2.1.1 US: Real-Time Location Systems Market- by Offering
11.1.2.1.2 US: Real-Time Location Systems Market- By Technology
11.1.2.1.3 US: Real-Time Location Systems Market- By Industry Vertical
11.1.2.1.4 US: Real-Time Location Systems Market- By Application
11.1.2.2 Canada: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
11.1.2.2.1 Canada: Real-Time Location Systems Market- by Offering
11.1.2.2.2 Canada: Real-Time Location Systems Market- By Technology
11.1.2.2.3 Canada: Real-Time Location Systems Market- By Industry Vertical
11.1.2.2.4 Canada: Real-Time Location Systems Market- By Application
11.1.2.3 Mexico: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
11.1.2.3.1 Mexico: Real-Time Location Systems Market- by Offering
11.1.2.3.2 Mexico: Real-Time Location Systems Market- By Technology
11.1.2.3.3 Mexico: Real-Time Location Systems Market- By Industry Vertical
11.1.2.3.4 Mexico: Real-Time Location Systems Market- By Application
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product Development
12.4 Mergers & Acquisitions
13. Company Profiles
13.1 Aruba Networks
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 AiRISTA Flow Inc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Qorvo Inc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Impinj Inc
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Siemens AG
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Zebra Technologies Corp
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Sonitor Technologies AS
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Stanley Black & Decker Inc
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 TeleTracking Technologies Inc
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Ubisense Ltd
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Real-Time Location Systems Market - Revenue, and Forecast to 2030 (US$ Million)
Table 2. US: Real-Time Location Systems Market- by Offering -Revenue and Forecast to 2030 (US$ Million)
Table 3. US: Real-Time Location Systems Market- By Technology -Revenue and Forecast to 2030 (US$ Million)
Table 4. US: Real-Time Location Systems Market- By Technology -Volume and Forecast to 2030 (Units Thousand)
Table 5. US: Real-Time Location Systems Market- By Industry Vertical -Revenue and Forecast to 2030 (US$ Million)
Table 6. US: Real-Time Location Systems Market- By Application -Revenue and Forecast to 2030 (US$ Million)
Table 7. Canada: Real-Time Location Systems Market- by Offering -Revenue and Forecast to 2030 (US$ Million)
Table 8. Canada: Real-Time Location Systems Market- By Technology -Revenue and Forecast to 2030 (US$ Million)
Table 9. Canada: Real-Time Location Systems Market- By Technology -Volume and Forecast to 2030 (Units Thousand)
Table 10. Canada: Real-Time Location Systems Market- By Industry Vertical -Revenue and Forecast to 2030 (US$ Million)
Table 11. Canada: Real-Time Location Systems Market- By Application -Revenue and Forecast to 2030 (US$ Million)
Table 12. Mexico: Real-Time Location Systems Market- by Offering -Revenue and Forecast to 2030 (US$ Million)
Table 13. Mexico: Real-Time Location Systems Market- By Technology -Revenue and Forecast to 2030 (US$ Million)
Table 14. Mexico: Real-Time Location Systems Market- By Technology -Volume and Forecast to 2030 (Units Thousand)
Table 15. Mexico: Real-Time Location Systems Market- By Industry Vertical -Revenue and Forecast to 2030 (US$ Million)
Table 16. Mexico: Real-Time Location Systems Market- By Application -Revenue and Forecast to 2030 (US$ Million)
Table 17. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Real-Time Location Systems Market Segmentation
Figure 2. North America Real-Time Location Systems Market Segmentation - By Country
Figure 3. North America Real-Time Location Systems Market Overview
Figure 4. North America Real-Time Location Systems Market, by Offering
Figure 5. North America Real-Time Location Systems Market, by Technology
Figure 6. North America Real-Time Location Systems Market, by Industry Vertical
Figure 7. North America Real-Time Location Systems Market, by Application
Figure 8. North America Real-Time Location Systems Market, by Country
Figure 9. North America - PEST Analysis
Figure 10. North America Real-Time Location Systems Market- Ecosystem Analysis
Figure 11. Expert Opinions
Figure 12. North America Real-Time Location Systems Market: Impact Analysis of Drivers and Restraints
Figure 13. North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 14. North America Real-Time Location Systems Market Revenue Share, by Offering (2022 and 2030)
Figure 15. Hardware: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 16. Software: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 17. Services: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 18. North America Real-Time Location Systems Market Revenue Share, by Technology (2022 and 2030)
Figure 19. Radio Frequency Identification (RFID): North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 20. Ultra-Wideband (UWB): North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 21. Bluetooth Low Energy (BLE): North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 22. Ultrasound: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 23. Infrared (IR): North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 24. GPS: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 25. Wi-Fi: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 26. ZIGBEE: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 27. North America Real-Time Location Systems Market Revenue Share, by Industry Vertical (2022 and 2030)
Figure 28. Heavy Industries: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 29. Manufacturing: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 30. Retail: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 31. Oil & Gas: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 32. Automotive: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 33. Construction: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 34. Government and Defense: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 35. Logistics: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 36. Others: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 37. North America Real-Time Location Systems Market Revenue Share, by Application (2022 and 2030)
Figure 38. Personnel/Staff Locating and Monitoring -North America RealTime Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 39. Environmental Monitoring: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 40. Access Control and Security: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 41. Warehouse Management and Monitoring: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 42. Supply Chain Management and Operational Automation/Visibility: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 43. Others: North America Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 44. North America: Real-Time Location Systems Market, by Key Country- Revenue (2022) (US$ Million)
Figure 46. North America: Real-Time Location Systems Market Revenue Share, by Key Country (2022 and 2030)
Figure 47. US: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 48. Canada: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
Figure 49. Mexico: Real-Time Location Systems Market - Revenue and Forecast to 2030 (US$ Million)
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